Are you engaged in a trade or business?
If so, do you KNOW what the legal definition of a "trade or business" is in the law?
You can find it in the tax code at 26 USC 7701(a)(26):
The term “trade or business” includes the performance of the functions of a public office.
There is NO OTHER definition of this term anywhere in the tax code.
FYI.
The Rich are Rich not because they save, but because they have ""Money Flow""....
As long as the Money doesn't stop in your Bank account, or hands, it increases based upon your choice of Investments....
It's a loophole that the Poor and Middle Classes cannot take advantage of, but a Business can through buying Equipment and having losses etc...
As for the Working man, all I can say is that he rarely reads what he signs, and that's exactly why he gets into lots of problems and troubles with the IRS and other connected criminals....
But Jesus has been saving for thousands of years. He must have better compound interest than this puny cabal.